Massee & Felton Lumber Co. v. Macon Cooperage Co.

■Jenkins, P. J.

1. An instrument in the form of a deed, which recites that the grantor therein has “granted, bargained, sold, aliened, conveyed and confirmed” unto the grantee all the merchantable timber of specified sizes on a described tract of land, but which requires the grantee to pay only for timber actually cut, and provides that the rights and privileges conveyed shall exist for a term of two years, but that the grantee shall have the privilege of renewal for another two years on the payment of a specified sum, and further provides that on the failure of the grantee to make settlements…